SPECIAL ACCEPTANCES. A. Business not within the terms of this Contract may be submitted to the Reinsurer for special acceptance and, if accepted by the Reinsurer, shall be subject to all of the terms of this Contract, except as modified by the Special Acceptance. B. Renewal of Policies, which have previously received a Special Acceptance under prior Contracts, are deemed to be covered hereunder. C. Further, should a reinsurer become party to this Contract subsequent to the acceptance of any business not normally covered hereunder, that reinsurer will automatically accept the special acceptances as being part of this Contract.
Appears in 3 contracts
Samples: Property Fourth Per Risk Excess of Loss Reinsurance Agreement, Reinsurance Agreement (Philadelphia Consolidated Holding Corp), Reinsurance Agreement (Philadelphia Consolidated Holding Corp)
SPECIAL ACCEPTANCES. A. Business not within the terms of this Contract may be submitted to the Reinsurer for special acceptance and, if accepted by the Reinsurer, shall be subject to all of the terms of this Contract, except as modified by the Special Acceptance.
B. Renewal of Policies, which have previously received a Special Acceptance under prior Contracts, are deemed to be covered hereunder.
C. Further, should a reinsurer become party to this Contract subsequent to the acceptance of any business not normally covered hereunder, that reinsurer reinsurers will automatically accept the special acceptances as being part of this Contract.
Appears in 1 contract
SPECIAL ACCEPTANCES. A. Business not within the terms of this Contract may be submitted to the Reinsurer for special acceptance acceptance, and, if accepted by the Reinsurer, shall be covered hereunder, subject to all of the terms and conditions of this Contract, except as modified by the Special Acceptance.
B. Renewal of Policies, which have previously received special acceptance. Any special acceptance agreed to for a Special Acceptance under prior Contracts, are deemed predecessor contract to this Contract shall automatically be covered hereunder, subject to no material change in exposure or credit quality.
C. Further, should a reinsurer become party to this Contract subsequent to the acceptance of any business not normally covered hereunder, that reinsurer will automatically accept the special acceptances as being part of this Contract.
Appears in 1 contract
Samples: Surety Excess of Loss Reinsurance Contract (Cna Surety Corp)
